Pepe Cash Trading Down 4.9% This Week (PEPECASH)

Pepe Cash Trading Down 4.9% This Week (PEPECASH)

22nd, 2018 // No Comments
Pepe Cash (CURRENCY:PEPECASH) traded 0.9% lower against the dollar during the 24 hour period ending at 0:00 AM E.T. on May 21st. One Pepe Cash token can currently be bought for $0.0285 or 0. 344 BTC on exchanges including Tux Exchange, Counterparty DEX and Zaif. Over the last week, Pepe Cash has traded down 4.9% against the dollar. Pepe Cash has a total market capitalization of $19.99 million and approximately $35,826.00 worth of Pepe Cash was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed over the last day: Get Pepe Cash alerts: Ripple (XRP) traded down 4% against the dollar and now trades at $0.67 or 0.00008103 BTC. Stellar (XLM) traded 5.9% lower against the dollar and now trades at $0.31 or 0.00003775 BTC. TRON (TRX) traded 3.4% lower against the dollar and now trades at $0.0797 or 0. 962 BTC. IOTA (MIOTA) traded 6.7% lower against the dollar and now trades at $1.70 or 0.00020533 BTC. NEO (NEO) traded down 6.5% against the dollar and now trades at $60.37 or 0.00728333 BTC. Tether (USDT) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00012078 BTC. VeChain (VEN) traded down 1.1% against the dollar and now trades at $4.39 or 0.00052917 BTC. Binance Coin (BNB) traded 0.7% lower against the dollar and now trades at $14.25 or 0.00171967 BTC. Zilliqa (ZIL) traded 3.4% lower against the dollar and now trades at $0.14 or 0.00001724 BTC. Ontology (ONT) traded 9.9% lower against the dollar and now trades at $7.38 or 0.00089009 BTC.
Pepe Cash Profile Pepe Cash launched on September 26th, 2016. Pepe Cash’s total supply is 701,884,009 tokens. Pepe Cash’s official website is rarepepedirectory.com . Pepe Cash’s official Twitter account is @ and its Facebook page is accessible here . The Reddit community for Pepe Cash is /r/pepetraders .
Buying and Selling Pepe Cash
Pepe Cash can be traded on these cryptocurrency exchanges: Zaif, Counterparty DEX and Tux Exchange. It is usually not currently possible to buy alternative cryptocurrencies such as Pepe Cash directly using U.S. dollars. Investors seeking to trade Pepe Cash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase , GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pepe Cash using one of the aforementioned exchanges. Receive News & Updates for Pepe Cash updates for Pepe Cash and related cryptocurrencies CryptoBeat newsletter . «

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Namecoin (NMC) Market Cap Achieves $30.68 Million

21st, 2018 // No Comments
Namecoin (CURRENCY:NMC) traded down 5.4% against the dollar during the twenty-four hour period ending at 0:00 AM Eastern on May 21st. One Namecoin coin can currently be purchased for about $2.08 or 0.00025024 BTC on exchanges including Cryptopia, Livecoin, Trade By Trade and BX Thailand. In the last week, Namecoin has traded down 5.2% against the dollar. Namecoin has a market cap of $30.68 million and approximately $121,958.00 worth of Namecoin was traded on exchanges in the last day.
Here is how other cryptocurrencies have performed in the last day: Get Namecoin alerts: Bitcoin (BTC) traded 2% lower against the dollar and now trades at $8,346.47 or 1. BTC. Bitcoin Cash (BCH) traded 6.2% lower against the dollar and now trades at $1,203.57 or 0.14466000 BTC. Steem (STEEM) traded 0.6% higher against the dollar and now trades at $3.07 or 0.00036907 BTC. Counterparty (XCP) traded down 2.8% against the dollar and now trades at $14.61 or 0.00175550 BTC. Unobtanium (UNO) traded up 3.6% against the dollar and now trades at $130.61 or 0.01569870 BTC. Crown (CRW) traded 4.5% lower against the dollar and now trades at $1.07 or 0.00012836 BTC. PACcoin ($PAC) traded 3.4% lower against the dollar and now trades at $0.0046 or 0. 55 BTC. ATBCoin (ATB) traded down 2.1% against the dollar and now trades at $0.20 or 0.00002377 BTC. CHIPS (CHIPS) traded 6.3% lower against the dollar and now trades at $0.34 or 0.00004084 BTC. Terracoin (TRC) traded down 5.2% against the dollar and now trades at $0.15 or 0.00001862 BTC.
Namecoin Profile Namecoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was April 19th, 2011. Namecoin’s total supply is 14,736,400 coins. Namecoin’s official Twitter account is @namecoin and its Facebook page is accessible here . The Reddit community for Namecoin is /r/namecoin and the currency’s Github account can be viewed here . Namecoin’s official website is www.namecoin.org .
According to CryptoCompare, “It is based on the code of bitcoin and uses the same proof-of-work algorithm. It is limited to 21 million coins. Each Namecoin record consists of a key and a value which can be up to 520 bytes in size. Each key is actually a path, with the namespace preceding the name of the record. The key d/example signifies a record stored in the DNS namespace d with the name example and corresponds to the record for the example.bit website. The content of d/example is expected to conform to the DNS namespace specification. The current fee for a record is 0.01 NMC and records expire after 36000 blocks (~200 days) unless updated or renewed. Namecoins used to purchase records are marked as used and destroyed, as giving the fee to miners would enable larger miners to register names at a significant discount. “
Buying and Selling Namecoin
Namecoin can be traded on the following cryptocurrency exchanges: Bleutrade, Poloniex, Livecoin, WEX, Tux Exchange, SouthXchange, Cryptopia, Trade By Trade, Bittylicious, BX Thailand and YoBit. It is usually not possible to purchase alternative cryptocurrencies such as Namecoin directly using US dollars. Investors seeking to trade Namecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase . Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Namecoin using one of the aforementioned exchanges. Receive News & Updates for Namecoin updates for Namecoin and related cryptocurrencies CryptoBeat newsletter . «

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Bean Cash Price Hits $0.0085 on Major Exchanges (BITB)

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Bean Cash (CURRENCY:BITB) traded 1.1% lower against the US dollar during the 24 hour period ending at 0:00 AM Eastern on May 21st. During the last seven days, Bean Cash has traded 6.2% lower against the US dollar. One Bean Cash coin can currently be bought for approximately $0.0085 or 0. 102 BTC on major exchanges including Cryptopia, Upbit, Bittrex and YoBit. Bean Cash has a market capitalization of $21.38 million and $337,905.00 worth of Bean Cash was traded on exchanges in the last 24 hours.
Here is how related cryptocurrencies have performed during the last 24 hours: Get Bean Cash alerts: Qbao (QBT) traded 0.6% lower against the dollar and now trades at $0.35 or 0.00004230 BTC. Measurable Data Token (MDT) traded up 4.7% against the dollar and now trades at $0.0615 or 0. 740 BTC. Bitcoin Atom (BCA) traded down 21.4% against the dollar and now trades at $1.00 or 0.00012021 BTC. Pascal Lite (PASL) traded down 11.5% against the dollar and now trades at $0.0343 or 0. 412 BTC. X-Coin (XCO) traded 18.3% higher against the dollar and now trades at $0.0082 or 0. 98 BTC. High Voltage (HVCO) traded 7.1% lower against the dollar and now trades at $0.0573 or 0. 689 BTC. Cybereits (CRE) traded down 1.7% against the dollar and now trades at $0.0283 or 0. 340 BTC. Fonziecoin (FONZ) traded flat against the dollar and now trades at $0.0012 or 0. 13 BTC. PrismChain (PRM) traded flat against the dollar and now trades at $0.0011 or 0. 13 BTC. EDRCoin (EDRC) traded up 1.3% against the dollar and now trades at $0.0725 or 0. 871 BTC.
Bean Cash Profile
BITB is a PoW/PoS coin that uses the SHA256 hashing algorithm. It launched on February 14th, 2015. Bean Cash’s total supply is 2,518,822,000 coins. Bean Cash’s official Twitter account is @BitBeanCoin . The official website for Bean Cash is beancash.org . Bean Cash’s official message board is www.bitbean.org/forum .
Buying and Selling Bean Cash
Bean Cash can be bought or sold on the following cryptocurrency exchanges: Bleutrade, Upbit, Bittrex, CoinExchange, Cryptopia and YoBit. It is usually not presently possible to buy alternative cryptocurrencies such as Bean Cash directly using U.S. dollars. Investors seeking to acquire Bean Cash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase , Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bean Cash using one of the aforementioned exchanges.
new TradingView.widget({ “height”: 400, “width”: 650, “symbol”: “BITBUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Updates for Bean Cash updates for Bean Cash and related cryptocurrencies CryptoBeat newsletter .

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As bitcoin world wobbles, mining rig company plans US$2 billion IPO

As bitcoin world wobbles, mining rig company plans US$2 billion IPO close breaking news Technology As bitcoin world wobbles, mining rig company plans US$2 billion IPO A cryptocurrency mining computer equipped with cooling fans is displayed at a computer mall in Hong Kong, China May 17, 2018. Picture taken May 17, 2018. REUTERS/Bobby Yip 22 May 2018 08:50AM Share via E-Mail Bookmark
HONG KONG: Bitcoins are worth less than half of what they were in December. Mining them is 60 per cent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers.
Why, then, is Canaan Inc, a leading cryptocurrency mining rig supplier, looking to raise up to US$2 billion, according to two sources with knowledge of the deal, in the world’s biggest bitcoin-focused initial public offering to date? Advertisement
Canaan is expected to present itself to investors not so much as a bitcoin company, but as a chip designer focused on developing other markets in artificial intelligence and blockchain, the electronic ledger that underpins bitcoin.
“Their customers happen to be bitcoin miners. But they are a chip company, not a bitcoin company,” said one of the sources. Both declined to be named because information about the IPO has not yet been made public.
The offering for Canaan, which claims to be the world’s second-largest bitcoin mining hardware supplier, is scheduled for July, the sources said. Canaan declined to comment.
The Beijing-based company’s profits rose seven-fold last year to 361 million yuan (US$56.67 million), according to its prospectus, as bitcoin’s soaring price drove a surge in demand for its products, sold under the AvalonMiner brand. Advertisement Advertisement
But the effects of bitcoin’s volatility and rising mining costs can be seen in the shops of Sham Shui Po, just a few kilometres from Hong Kong’s central business district, where the IPO has been filed.
Businesses selling mining rigs there said demand – especially for high-end machines – was limping along.
Alvin Wong said the only rig in his Hong Kong electronics store this week was plugged in underneath the cash register, busily crunching numbers in search of profit.
“Since we weren’t selling the miner, we thought we might as well use it,” said Wong, a sales representative at Centralfield, in the Sham Shui Po computer district.
The change has come suddenly. Just a few months ago, demand for bitcoin mining gear in Sham Shui Po was booming.
Bitcoin prices have fallen 40 per cent this year, hurting margins for miners. The cryptocurrency rose from US$1,000 in January last year to more than US$19,000 in December. Currently, one bitcoin is worth about US$8,400.
PROMISED LAND
To some, the IPO presents a rare opportunity to buy into in a cryptocurrency supply company. They point to the old investing adage that the surest way to make money in a gold rush is to sell mining equipment.
“Investors are always looking for crypto ‘picks and shovels’, and that’s what this is,” said Jehan Chu, managing partner at Kenetic Capital, a Hong Kong based blockchain and crypto currency investment firm.
Canaan produces mining machines containing application specific integrated circuits, or ASICs, which are chips designed for a single purpose. Its customers are mostly large-scale miners with facilities holding thousands of machines working around the clock.
However, the rules governing bitcoin limit the amount that can be mined at one time. This means that the more computers there are mining, the more work and electricity are needed to earn the tokens.
Fast-rising capacity in the industry has hit profits hard: combined with the fall in bitcoin prices, analysts at Bernstein estimate that mining revenues are just 37 per cent of their 2017 peak at roughly US$17 million per day.
Last month, Taiwan Semiconductor Manufacturing Corporation (TSMC), the world’s largest chip manufacturer, cited uncertainty in the crypto market as a reason it was cutting its full-year sales target. TSMC is a major producer for Canaan Creative and its larger rival, Bitmain.
Cryptocurrency mining is under pressure in China. But last month, China Securities Regulatory Commission vice-chairman Jiang Yang gave Canaan the regulator’s apparent approval.
Visiting its factory, he said: “no matter what the chip is used for, fundamentally you’re still a chip company, and I hope you list in China,” according to mainland media reports.
MARKET TEST
Bitcoin-related companies have to date largely avoided diving directly into the public market – a fact illustrated by the pricing range suggested for Canaan’s deal.
Although the two sources were confident the IPO could raise US$2 billion, others with knowledge of the deal said it was more likely to raise between US$500 million and US$1 billion.
A lack of comparable companies makes it harder to price. In Australia, DigitalBTC went public via a backdoor listing in 2014. Eighteen months later, however, the company changed its name to DigitalX and switched its focus to fintech software.
Last year in Canada, listed miner Leeta Gold became HIVE Blockchain .
“It’s not your everyday investment world,” said HIVE chairman Frank Holmes, who is relatively new to the crypto world, but is a well-known investor in gold.
HIVE, with a market capitalisation of US$318 million, mines bitcoin and other cryptocurrencies in Iceland and Sweden, favoured for the energy-intensive process because of their cool temperatures and cheap power.
“We became the first public company that allowed institutions to play in this kind of space,” Holmes added, pointing out that HIVE’s second-largest shareholder is Fidelity, the giant U.S. fund manager.
Other companies are also getting in on the act, with Canaan’s smaller rival Ebang also considering a Hong Kong IPO, according to IFR, a Thomson Reuters publication.
“The excitement about bitcoin and cryptocurrencies is not nearly finished, it is only just beginning,” said Kenetic’s Chu, who added that if successful, Canaan’s IPO would encourage other cryptocurrency-related firms to list.
People involved in Canaan’s IPO say the prospects for the offering depend in part on the price of bitcoin over the next two months.
While soggy prices, combined with rising mining capacity, will hit the hobby miners served by the Sham Shui Po shops far harder than Canaan’s industrial-sized customers, they would still cast a shadow over the deal.
In Sham Shui Po, meanwhile, Alvin Wong says he will soon unplug his rig to put it and others back on the shelves – just as soon as customer demand returns.
(Reporting by Alun John and Jennifer Hughes; additional reporting by Sijia Jiang and Fiona Lau of IFR; Editing by Gerry Doyle) Source: Reuters/na

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Cobalt 27 Acquires a Cash Flowing Cobalt-Nickel Stream on Producing Ramu Nickel-Cobalt Mine for US$113 Million (C$145 Million)

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Charts Cobalt 27 Acquires a Cash Flowing Cobalt-Nickel Stream on Producing Ramu Nickel-Cobalt Mine for US$113 Million (C$145 Million) 22/05/18 10:30PM by ukcitymedia.co.uk about : – Comments – 3862 words
TORONTO , May 22, 2018 /PRNewswire/ — TSX Venture: KBLT FRA: 27O Cobalt 27 is pleased to announce the transformational acquisition of a producing cobalt-nickel stream over a long-life, world-class asset that provides immediate cash flow to the Company
The world’s first producing cobalt-nickel stream on the world-class Ramu Nickel-Cobalt Mine Stream over 55.0% and 27.5% of Highlands Pacific Limited’s (“Highlands”) attributable share of cobalt and nickel production, respectively, from the Ramu Nickel-Cobalt Mine (“Ramu”) in exchange for a US$113 million ( C$145 million ) upfront deposit (the “Transaction”) Highlands management estimates a mine life in excess of 30 years As a result of the Transaction, Highlands’ effective attributable ownership of Ramu will increase from 8.56% to 11.3% Estimated attributable stream production of approximately 450,000 lbs of cobalt and 2.25 million lbs of nickel in concentrate per year Expands and diversifies portfolio: cobalt and nickel are important battery metals positioned to benefit from global adoption of electric vehicles and grid storage systems Cobalt 27 is in advanced discussions with two local PNG stakeholders which own an equity interest in Ramu (collectively “MRDC”) to negotiate a US$87 million stream agreement on the same terms for a proportionate metal stream based on their aggregate attributable interest in Ramu Ramu has successfully ramped up since construction completed in 2012 and is now operating at peak production and in the 1st quartile of the global cost curve and maintains robust margins at spot and long-term consensus prices.
Transaction transforms Cobalt 27 into leading battery metals streaming and royalty company Long-life and low-cost nature of Ramu underscores strength and attractiveness of investment for Cobalt 27 shareholders Ramu is operated by a first in class operator, Metallurgical Corporation of China Ltd. (“MCC”), which has market capitalization of approximately US$12 billion Stream has no impact on production cost structure from operator’s perspective Transaction to be funded through Cobalt 27’s cash on hand and new debt facility; no additional funding is required to complete the Transaction or the additional MRDC stream Expected to generate meaningful free cash flows and deliver significant value to Cobalt 27’s shareholders Accretive to Cobalt 27’s NAV per share Expected significant potential upside in cobalt and nickel pricing
Conference Call scheduled for May 23 rd at 8:30 am EDT ahead of TSXV market open, dial in details below
Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (TSXV: KBLT)(FRA: 27O), is pleased to announce that its wholly-owned subsidiary Electric Metals Streaming Corp. (“Electric Metals Streaming”) has entered into a Metal Purchase and Sale Agreement (“MPA”) with Ramu Nickel Limited (“RNL”), a wholly owned subsidiary of Highlands (ASX: HIG), for a cobalt-nickel stream on its attributable interest in the producing Ramu mine, located in Papua New Guinea (“PNG”) (the “Ramu Cobalt Nickel Stream”) which is operated by MCC.
Key Transaction Terms The Ramu Cobalt Nickel Stream is governed by the MPA, pursuant to which Cobalt 27 has agreed to acquire the right to purchase 55.0% of RNL’s attributable share of the payable cobalt metal and 27.5% of RNL’s attributable share of the payable nickel metal produced at Ramu, for the life of mine, in exchange for a US$113 million ( C$145 million ) upfront cash deposit payable to Highlands. Highlands, which owns 100% of RNL, currently holds an effective 8.56% ownership interest in Ramu. However, Highlands will use proceeds from the Transaction to increase its effective ownership interest in Ramu to 11.3% through the repayment of its share of outstanding Ramu construction and development loans. For clarity, the Ramu Cobalt Nickel Stream will be over RNL’s pro forma 11.3% ownership interest in Ramu. In addition, Electric Metals Streaming will make ongoing payments of US$4.00 per pound of payable cobalt and US$1.00 per pound of payable nickel, each subject to annual inflation adjustments beginning on June 30, 2023 . Cobalt 27’s Ramu Cobalt Nickel Stream will be secured by a first-priority ranking pledge over Highlands’ shares in RNL and a guarantee by Highlands. In connection with the Ramu Cobalt Nickel Stream, Cobalt 27 has also agreed to complete a strategic equity investment in the Common Shares of Highlands, which will result in the Company owning an approximate 13.0% pro forma interest in Highlands (the “Equity Investment”). Subject to ASX and POMsoX approvals, Cobalt 27 will be provided with anti-dilution rights with respect to the Equity Investment. In connection with the Equity Investment, Cobalt 27 will also have the right to appoint a member to Highlands’ board of directors, and accordingly, concurrent with the close of the Equity Investment, Anthony Milewski , Chairman and CEO of Cobalt 27, will be appointed to the board of directors of Highlands. Cobalt 27 and Highlands have agreed that the proceeds from the US$113 million stream are to be used by Highlands to fund repayment of Highlands’ attributable Ramu partner loans. Highlands currently owns an 8.56% interest in Ramu which, through the repayment of its outstanding attributable balance of the Ramu partner loans, will immediately increase to 11.3%. In addition to the MPA, Cobalt 27 has entered into advanced discussions with two local PNG stakeholders which own an equity interest in Ramu to negotiate a US$87 million stream agreement on the same terms as the MPA with a proportionate metal stream based on their attributable aggregate interest in Ramu. MRDC currently holds a collective 6.44% interest in Ramu, which would increase to 8.7% through the repayment of their proportionate share of outstanding Ramu construction and development loans. Highlands has retained the right to purchase an interest in the Ramu Cobalt Nickel Stream from Cobalt 27 of up to approximately US$15 million for a period of 90 days following closing on the same terms as the Transaction. In the event that MRDC enters into a streaming agreement with Cobalt 27, Highlands will have the right to purchase an additional interest in the Ramu Cobalt Nickel Stream from Cobalt 27 of up to approximately US$10 million on the same terms. Highlands is the ideal project partner for Cobalt 27 due to its deep experience in the region having successfully operated in PNG for over 20 years. Cobalt 27 looks forward to partnering with Highlands to review additional opportunities in Australia and the broader Asia-Pacific region. In order to further strengthen the partnership between Cobalt 27 and Highlands, Mr Craig Lennon , CEO of Highlands Pacific, has agreed to join Cobalt 27’s Advisory Board. Mr. Lennon has been with Highlands for 17 years and is an expert in the region.
“This transaction represents the fulfillment of our promise to investors to deliver a cash flowing cobalt stream on a world-class mine. Ramu is a large world-class, high-margin and long-life asset which we view as the ideal candidate for our inaugural stream. We believe the exposure to both cobalt and nickel, another key battery metal, will yield significant returns to our investors as electric vehicles begin to change our society in the coming years. Our partnership with Highlands will help Cobalt 27 continue to grow its position as the leader in battery metal streaming,” commented Anthony Milewski , Chairman of Cobalt 27 Capital Corp.
Ramu, located near Madang on the north coast of PNG, is majority-owned and operated by MCC which holds a 67.02% stake in MCC-JJJ Mining Development Company Limited which owns 100% of MCC Ramu NiCo Ltd. (“MCC – Ramu”), holder of an 85% joint venture interest in Ramu. The Government of PNG and local landowners (the “PNG Stakeholders”) own a 6.44% stake in Ramu. Following repayment of the Ramu construction and development loans by Highlands, MCC – Ramu’s ownership will decrease to 82.3%. The Ramu mine was financed and constructed by MCC for US$2.1 billion which, at the time, was China’s largest overseas mining investment. MCC is listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange with a market capitalization of approximately US$12 billion . MCC’s interest in Ramu is supported by a consortium of three of the largest enterprises in the Chinese nickel and stainless steel industry, namely Jinchuan Group Limited, Jilin Jien Nickel Industry Limited, and Jiuquan Iron & Steel Limited.
The Ramu Cobalt Nickel Stream offers a number of positive benefits to the shareholders of Cobalt 27, Highlands and Ramu, including: The Transaction provides Cobalt 27 with its inaugural producing stream and represents a cornerstone asset for the Company to support continued growth through future acquisitions of producing battery metals streams, royalties and related investments. Cobalt 27 will receive immediate cash flow representing a short payback period on a world class stream. Ramu is a large scale nickel-cobalt mine, ranking first-quartile on the global cost curve, and has a long mine life with significant resource upside potential. The Ramu Cobalt Nickel Stream will reduce uncertainty for Highlands by allowing for immediate debt repayment of Highlands’ Ramu partner loans and accelerate cash flows from Ramu to Highlands. With Cobalt 27’s acquisition of the Ramu Cobalt Nickel Stream from a non-operating joint venture partner, MCC as operator will not experience any direct impact on its production costs as a result of the stream.
About the Ramu Mine Construction and commissioning of the US$2.1 billion Ramu mine was completed in 2012 by owner/operator MCC, as its cornerstone asset in a nickel-focused resource portfolio. The Ramu Nickel Mine is a large scale nickel-cobalt asset with total estimated reserves of 1 billion pounds of nickel and 100 million pounds of cobalt. Management of Highlands currently estimates a mine life of 30+ years. Ramu produces approximately 3% of annual global mined cobalt as a co-product metal. Ramu exceeded annual production projections in 2017, reporting net cash flow of US$170 million (unaudited), on production of 34,666 tonnes of contained nickel and 3,308 tonnes of contained cobalt, both in excess of nameplate capacity. Ramu is among the most efficient nickel-cobalt operations in the world, ranking in the first quartile of the 2017 global nickel asset cost curve. During the first quarter of 2018, nickel prices averaged US$6.02 /lb; cobalt prices averaged US$39.30 /lb and reached over US$43 /lb.
In addition to MCC’s investment in Ramu, a number of other prominent resource companies successfully operate in PNG and are responsible for significant and widespread investment in, and economic development of, the country in recent years. The most notable of these include Harmony Gold and Newcrest Mining’s proposed US$2.8 billion Wafi-Golpu Joint Venture copper and gold mine; Newcrest’s US$7.2 billion merger with Lihir Gold Limited in 2010; and, Barrick Gold’s US$298 million sale of 50% interest in the producing Barrick Niugini (Porgera) Gold Mine to China’s Zijin Mining Group in 2015. Additionally, oil and gas majors, ExxonMobil and France’s Total recently announced plans to invest an additional US$13 billion in LNG assets and Repsol has had upstream operations in PNG since 2015.
Closing
Closing of both the MPA and Equity Investment are conditional on certain conditions precedent including, among other things, the completion of guarantee and security documentation, the receipt of requisite approvals, consents and authorizations from governmental authorities and stock exchanges, and the satisfaction of certain other closing conditions customary in transactions of this nature.
About Highlands Pacific
Highlands is a mining and exploration company listed on the Australian Stock Exchange and the Port Moresby Stock Exchange in PNG. Highlands’ primary assets include an 8.56% interest in the producing Ramu mine and a 20% interest in Frieda River Copper-Gold Project, both located in PNG. Frieda River is PNG’s largest undeveloped copper-gold project and one of the largest undeveloped open pit copper projects in the world. Highlands also wholly-owns the Star Mountains Copper Gold exploration project in PNG. The US$113 million ( C$145 million ) upfront cash deposit from the sale of the Ramu Cobalt Nickel Stream is expected to allow Highlands to retire its Ramu construction and development loans, increase its ownership interest in Ramu to 11.3% from 8.56% and significantly increase near-term free cash flows. Highlands is an ideal partner for Cobalt 27 given the company’s 20+ year operating history in PNG through past involvement in the Porgera Gold Mine and Kainantu Gold Mine.
In connection with the Cobalt 27’s Equity Investment, the Company will acquire beneficial ownership of 142.5 million Common Shares of Highlands, representing approximately 13.0% of the issued and outstanding Common Shares, following the completion of the Equity Investment. Cobalt 27 is acquiring the beneficial interest in the securities for investment purposes and will evaluate its investment in Highlands from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease shareholdings as opportunities arise.
Advisors and Counsel
Scotiabank acted as financial advisor and Stikeman Elliott LLP, Piper Alderman , and Dentons acted as legal advisors to Cobalt 27. TD Securities acted as strategic advisor to board of directors of Cobalt 27.
Conference Call
Cobalt 27 will hold a conference call and audio webcast on Wednesday, May 23rd at 8:30 am Eastern Daylight Time for management to discuss details of the Ramu Cobalt Nickel Stream. The discussion will be followed by a question and answer period with research analysts and investors.
Live Dial-in Informa tion
Date: Wednesday, May 23rd, 2018 Time: 8:30 am EDT North America (toll-free): (888) 231-8191
To participate in the webcast and slide presentation live via your computer go to: https://event.on24.com/wcc/r/1677966/641F63FCE01A9E392B7229EF4CB84421
Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to hear the webcast. An archived webcast will be available for one year.
Replay call information
Toronto and international: 416.849.0833, passcode: 5286827 North America (toll-free): 855.859.2056, passcode: 5286827
The conference call replay will be available from 11:30 am ET on May 23, 2018 , until 11:59 pm ET on June 4 , 2018. Participant audio webcast will also be available on the events page of the investors section of Cobalt 27’s website at: http://www.co27.com/investors/events/
Scientific and Technical Information
The majority owner and operator of Ramu is MCC Ramu Nico Ltd., a 67.02% owned subsidiary of MCC, and is operated by Ramu NiCo Management (MCC) Limited, a wholly-owned subsidiary of MCC. MCC is listed on the Hong Kong Stock Exchange (Stock Code “1618”) and on the Shanghai Stock Exchange, and has a market capitalization of approximately US$12 billion . The MPA has been entered into with RNL, a wholly-owned subsidiary of Highlands which is listed on the Australian Stock Exchange under the symbol “HIG”. The scientific and technical information in this news release, as well as additional material scientific and technical information with respect to the Ramu project, has been prepared by MCC in its capacity as operator of Ramu and disclosed by MCC and Highlands and is available on MCC’s HKEX profile at http://www.hkexnews.hk/index.htm as well as on Highlands Pacific’s website at http://www.highlandspacific.com/asx-announcements .
All estimates of mineral reserves and mineral resources in respect of Ramu in this news release are presented in compliance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Reserves and Ore Reserves established by the Australasian Joint Ore Reserves Committee (the “JORC Code”).
Disclosures of a scientific or technical nature in this news release have been reviewed on behalf of Cobalt 27 by Mr. Robert Osborne P.Eng ., geologist and President of Osborne Laterite Geology Service Inc., an independent consultant to Cobalt 27 and a “Qualified Person” as defined by Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Cobalt 27 Capital Corp.
Cobalt 27 Capital Corp. is a minerals company that offers direct exposure to cobalt, an integral element in key technologies of the electric vehicle and battery energy storage markets. The Company owns over 2,980 Mt of physical cobalt and manages a portfolio of ten royalties and is acquiring the world’s first producing cobalt nickel stream on the world-class Ramu Nickel-Cobalt Mine. The Company intends to continue investing in a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise.
For further information please visit the Company website at http://www.co27.com or contact:
Betty Joy LeBlanc , BA, MBA Director, Corporate Communications +1-604-828-0999
Mineral Resource and Ore Reserve Estimates
The following are the ore reserves and Mineral resources (inclusive) for Ramu as at December 31, 2016 , reported under the JORC Code. The report on reserves and resources was prepared for and are the responsibility of Ramu NiCo Management (MCC) Limited, the operator and manager of Ramu. For reporting in a NI 43-101 format, the inferred resources are not totaled with the measured and indicated mineral resources. The Ramu technical reports and data have been reviewed in relation to CIM best operating practices for reporting and for scope and content of JORC and NI 43-101 reporting through a due diligence conducted by an independent qualified person on behalf the Company. A site visit was conducted and a due diligence report was completed. The scope of this due diligence did not include new mineral resource/ore reserve evaluations from the operating mine (which is prepared by MCC).
In the following table note: Ni and Co grades shown to 1 decimal only. Totals are rounded. Dry ore tonnes reflect -2mm economic portion of the recoverable resource. Ore reserve 2016 based on US$17 ,045t nickel and US$25,412 /t cobalt. Variable cut-off grade equated to 0.58% nickel equivalent including credit for recovered cobalt. Ore Reserves Nickel Cobalt (Mt) (%) (%) Proven 29 0.9 0.1 Probable 20 1.0 0.1 Total Reserves 49 1.0 0.1 Mineral Resources Measured 37 0.9 0.1 Indicated 22 1.0 0.1 Measured and Indicated 59 1.0 0.1 Inferred 65 1.0 0.1
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this news release.
Forward-Looking Information: This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation: statements pertaining to the timing and completion of the acquisition of the Ramu Cobalt Nickel Stream and the Equity Investment, and the receipt of any regulatory and stock exchange approvals therefor; statements pertaining to the timing and amounts of cash and proceeds related to the Ramu Cobalt Nickel Stream and Equity Investment in Highlands; statements pertaining to the use of proceeds from the Ramu Cobalt Nickel Stream and Equity Investment; statements pertaining to the exclusivity arrangements with MRDC; statements pertaining to estimates of mineral resources and mineral reserves at Ramu; statements pertaining to future production and mining costs at Ramu; statements pertaining to future prices of cobalt, nickel and other commodities; statements pertaining to the adoption of electric vehicles globally; and statements pertaining to impact of the Ramu Cobalt Nickel Stream on the future performance of the Company. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. For more details on these and other risk factors see the Company’s most recent Annual Information Form on file with Canadian securities regulatory authorities on SEDAR at http://www.sedar.com under the heading “Risk Factors”. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on these forward-looking statements. This news release also contains references to estimates of mineral resources and mineral reserves. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Estimates of mineral reserves provide more certainty but still involve similar subjective judgments. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the company’s projects, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral resource or mineral reserve estimates may have to be re-estimated based on: (i) fluctuations in mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates and/or changes in mine plans; (vi) the possible failure to receive required permits, approvals and licences; and (vii) changes in law or regulation.
The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Setup a FREE Demo Account. Trade CFD’s in Stocks, Commodities, Indices. Forex, Cryptocurrency, Etherium and Bitcoin. Derivatives trading from your mobile. with Trailing Stops, Advanced Tools and Features. Represented in over fifty countries in the world. Add a comment

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SmartCash Achieves Market Cap of $101.15 Million (SMART)

Posted by ABMN Staff on May 22nd, 2018 // No Comments
SmartCash (CURRENCY:SMART) traded 5.9% lower against the US dollar during the 24-hour period ending at 21:00 PM ET on May 22nd. One SmartCash coin can now be purchased for about $0.10 or 0.00001296 BTC on major cryptocurrency exchanges including Trade Satoshi, CoinExchange, CryptoBridge and Stocks.Exchange. During the last seven days, SmartCash has traded down 4.5% against the US dollar. SmartCash has a total market capitalization of $101.15 million and approximately $79,325.00 worth of SmartCash was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed during the last 24 hours: Get SmartCash alerts: Bitcoin (BTC) traded 4.4% lower against the dollar and now trades at $8,001.49 or 1. BTC. Ethereum (ETH) traded down 7.7% against the dollar and now trades at $641.27 or 0.08041810 BTC. Bitcoin Cash (BCH) traded 6.9% lower against the dollar and now trades at $1,133.46 or 0.14214200 BTC. Litecoin (LTC) traded 4.3% lower against the dollar and now trades at $127.91 or 0.01604100 BTC. Monero (XMR) traded 11% lower against the dollar and now trades at $174.84 or 0.02192520 BTC. Ethereum Classic (ETC) traded down 6.4% against the dollar and now trades at $16.39 or 0.00205487 BTC. Bytecoin (BCN) traded 10.9% lower against the dollar and now trades at $0.0078 or 0. 98 BTC. Zcash (ZEC) traded down 4.1% against the dollar and now trades at $314.00 or 0.03937700 BTC. Bitcoin Gold (BTG) traded 7% lower against the dollar and now trades at $49.75 or 0.00623874 BTC. Steem (STEEM) traded down 2.8% against the dollar and now trades at $2.94 or 0.00036880 BTC.
About SmartCash SMART is a proof-of-work (PoW) coin that uses the Keccak hashing algorithm. It launched on June 11th, 2017. SmartCash’s total supply is 1,579,620,449 coins and its circulating supply is 978,576,170 coins. The official website for SmartCash is smartcash.cc . SmartCash’s official message board is forum.smartcash.cc . SmartCash’s official Twitter account is @scashofficial and its Facebook page is accessible here . The Reddit community for SmartCash is /r/smartcash and the currency’s Github account can be viewed here .
SmartCash Coin Trading
SmartCash can be purchased on the following cryptocurrency exchanges: CoinExchange, Trade Satoshi, Stocks.Exchange, HitBTC and CryptoBridge. It is usually not currently possible to buy alternative cryptocurrencies such as SmartCash directly using U.S. dollars. Investors seeking to trade SmartCash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy SmartCash using one of the aforementioned exchanges. Receive News & Updates for SmartCash updates for SmartCash and related cryptocurrencies CryptoBeat newsletter . «

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SOILcoin 24-Hour Trading Volume Reaches $409.00 (SOIL)

Posted by ABMN Staff on May 22nd, 2018 // No Comments
SOILcoin (CURRENCY:SOIL) traded 13.5% lower against the US dollar during the twenty-four hour period ending at 19:00 PM ET on May 22nd. One SOILcoin coin can now be purchased for $0.0122 or 0. 152 BTC on major exchanges. Over the last seven days, SOILcoin has traded down 3.2% against the US dollar. SOILcoin has a total market cap of $69,611.00 and $409.00 worth of SOILcoin was traded on exchanges in the last 24 hours.
Here’s how related cryptocurrencies have performed over the last 24 hours: Get SOILcoin alerts: Bitcoin (BTC) traded down 4.2% against the dollar and now trades at $8,063.39 or 1. BTC. Ethereum (ETH) traded 7.3% lower against the dollar and now trades at $647.81 or 0.08065820 BTC. Bitcoin Cash (BCH) traded down 7.3% against the dollar and now trades at $1,143.12 or 0.14232900 BTC. Litecoin (LTC) traded down 4.4% against the dollar and now trades at $128.72 or 0.01602620 BTC. Monero (XMR) traded 10.9% lower against the dollar and now trades at $176.88 or 0.02202350 BTC. Ethereum Classic (ETC) traded down 6.8% against the dollar and now trades at $16.50 or 0.00205425 BTC. Bytecoin (BCN) traded down 10.9% against the dollar and now trades at $0.0080 or 0. 99 BTC. Zcash (ZEC) traded down 4.2% against the dollar and now trades at $316.30 or 0.03938230 BTC. Bitcoin Gold (BTG) traded down 5.6% against the dollar and now trades at $50.74 or 0.00631788 BTC. Steem (STEEM) traded down 1.6% against the dollar and now trades at $2.94 or 0.00036660 BTC.
SOILcoin Coin Profile SOILcoin (CRYPTO:SOIL) is a proof-of-work (PoW) coin that uses the Dagger hashing algorithm. Its genesis date was October 3rd, 2015. SOILcoin’s total supply is 5,702,048 coins. SOILcoin’s official website is soil.cash . SOILcoin’s official Twitter account is @soilcoin . The Reddit community for SOILcoin is /r/SOILcoin and the currency’s Github account can be viewed here .
According to CryptoCompare, “SOIL uses DAGGER algorithm. Dagger was creted by Vitalik Buterin and it’s a GPU-Friendly, Memory intensive, ASIC-proof consensus algorithm. “
SOILcoin Coin Trading
SOILcoin can be traded on these cryptocurrency exchanges: Cryptopia. It is usually not possible to purchase alternative cryptocurrencies such as SOILcoin directly using U.S. dollars. Investors seeking to trade SOILcoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase SOILcoin using one of the aforementioned exchanges. Receive News & Updates for SOILcoin Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for SOILcoin and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter . «

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Anoncoin Hits 24 Hour Volume of $5,801.00 (ANC)

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Anoncoin (CURRENCY:ANC) traded 4.1% higher against the U.S. dollar during the 24-hour period ending at 16:00 PM Eastern on May 22nd. One Anoncoin coin can currently be purchased for approximately $3.29 or 0.00040002 BTC on popular cryptocurrency exchanges. Anoncoin has a market capitalization of $6.93 million and $5,801.00 worth of Anoncoin was traded on exchanges in the last day. During the last week, Anoncoin has traded up 74.3% against the U.S. dollar.
Here is how related cryptocurrencies have performed during the last day: Get Anoncoin alerts: DNotes (NOTE) traded flat against the dollar and now trades at $2.48 or 0.00026178 BTC. GoldCoin (GLD) traded down 9% against the dollar and now trades at $0.22 or 0.00002635 BTC. Bitmark (BTM) traded 3.6% higher against the dollar and now trades at $0.62 or 0.00007489 BTC. BunnyCoin (BUN) traded down 45.2% against the dollar and now trades at $0.0000 or 0. BTC. Rupee (RUP) traded 1.2% lower against the dollar and now trades at $0.12 or 0.00001403 BTC. CampusCoin (CMPCO) traded down 9.5% against the dollar and now trades at $0.0062 or 0. 75 BTC. Footy Cash (XFT) traded 14.3% higher against the dollar and now trades at $0.40 or 0.00004315 BTC. Creativecoin (CREA) traded 6% higher against the dollar and now trades at $0.12 or 0.00001435 BTC. The Cypherfunks (FUNK) traded down 7.2% against the dollar and now trades at $0.0000 or 0. BTC. Canada eCoin (CDN) traded 3% lower against the dollar and now trades at $0.0150 or 0. 183 BTC.
About Anoncoin Anoncoin (ANC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on June 2nd, 2013. Anoncoin’s total supply is 2,110,317 coins. Anoncoin’s official website is anoncoin.net . The Reddit community for Anoncoin is /r/Anoncoin and the currency’s Github account can be viewed here . Anoncoin’s official Twitter account is @AnoncoinProject .
Buying and Selling Anoncoin
Anoncoin can be traded on these cryptocurrency exchanges: FreiExchange. It is usually not currently possible to buy alternative cryptocurrencies such as Anoncoin directly using U.S. dollars. Investors seeking to acquire Anoncoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase , Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Anoncoin using one of the aforementioned exchanges.
new TradingView.widget({ “height”: 400, “width”: 650, “symbol”: “ANCUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Updates for Anoncoin updates for Anoncoin and related cryptocurrencies CryptoBeat newsletter .

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Circle Invest lets you buy the cryptocurrency market

Tech News / TechCrunch 10 hours ago 19 Views comments
Circle Invest is likely one of the best merchandise once you need to get began with cryptocurrencies. When Circle first launched the app, I compared it to Coinbase. And Circle is making it even simpler to get began as you possibly can simply “purchase the market” now.
Circle Make investments began with only a handful of cryptocurrencies — Bitcoin, Bitcoin Money, Ethereum, Ethereum Basic and Litecoin. However now, the corporate has added Monero and Zcash. When you don’t know something about cryptocurrencies, it’s onerous to know the place you need to put your cash.
That’s why Circle has created a button that allows you to purchase all cash obtainable on Circle Make investments, weighted relying on their respective market capitalization. The entire market cap of Bitcoin is far larger than the entire market cap of Zcash, so that you’ll find yourself with extra Bitcoin than Zcash.
Circle Make investments is out there on the App Store and Play Store within the U.S. besides in besides in MN, HI and WY. The corporate plans to launch in Europe sooner or later.
The app solely helps market orders. ACH transfers are free and you should purchase immediately for transfers under $10,000 earlier than the cash arrives on Circle’s checking account.
Circle says you possibly can anticipate a little bit of unfold between the purchase and promote worth, identical to on different exchanges. However the firm doesn’t add any payment on prime of that.
Correction: Circle Make investments is now obtainable to customers who reside in NY.
Disclosure: I personal small quantities of varied cryptocurrencies.

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Quote: from: buriks on May 21, 2018, 01:28:33 PM Quote: from: dr.cheema on May 21, 2018, 10:29:15 AM Quote: from: jejetujak on May 21, 2018, 05:37:10 AM Please up again bitcoin cash,
Almost all cryptocurrencies in red zone, like Bitcoin price is standing at $8492 and ATH price was around $20k.
Bitcoin Cash will be boom again very soon, just few interesting news will be publish then it’s price will be upward again.
Purse.io going to help bitcoin cash to make it huge and big again.. Buy And #HODL
yes, there is no doubt to hold BCH let’s save to buy it
What BCH now is infrastructure. Coin usage. Institutions that are using the coin. BTC may rise and rise this year, BCH will be pump and dump. But if BCH works continuously with its target market application, that’s the time, BCH can redeem itself and become side by side with BTC on top of the coin exchange.

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